How to save on car insurance?
- Alexander M. Kappes
- Aug 24, 2016
- 3 min read
Want to know how to save on car insurance?
While car insurance is a must for every driver, many people find it more of a pain than a benefit. This comes from the fact that it can be expensive, not to mention that the auto insurance industry in the UAE is a vast ocean. But the good news is, if you don't want to spend more than necessary on car insurance, you don't have to, because when it comes to lowering your car's insurance premiums, you're in control. We are glad to tell you that it's easy to save a few hundred Dirhams on car insurance and still abide by the law. Here are some tips and tricks on how to save on car insurance in UAE.
Check your options
Car insurance rates vary from one company to another, so it is highly advised that you scout about and get several price quotes before you make up your mind. Seek out information about different companies by calling them directly or by researching online. Moreover, price shouldn't be your only consideration. Ask friends and relatives for their recommendations to know which company would overall be the best for you.
Compare insurance costs
If you would like to reduce the cost of car insurance significantly, drive a car that's cheap to insure. If you are buying a new or used car, check how much it will cost to insure it and compare the cost with other cars you have in mind. Car insurance premiums are partially based on the car's price, maintenance cost, and overall safety. Sometimes insurers offer discounts for safety features that reduce the risk of injuries or theft, too. So, to get the best insurance cost, driving safe and moderately priced vehicles will be a better option for you than driving high-end cars.
Choose one provider
If you're buying multiple insurances, sticking with one provider is way better than choosing different ones. If you already have health or home insurance with one company, going to the same company for car insurance is the best option, as you may get your hands on a large discount or offer.
Seek out insurance discounts
Most insurance companies have special offers and discounts. For example, some companies will offer you a discount if you buy more than one policy, such as car and home insurance. Other companies give you a discount if you insure more than one car. Maintaining a clean driving record can also help you get a good discount.
Maintain a good credit history
Maintaining a good credit history is a big factor in reducing car insurance cost, so it is a good idea to check your credit record regularly to ensure all of your information is accurate. Additionally, make sure to deliver your load and card payments on time, and keep the balance well below your credit limits.
Increase your deductibles
The deductible is basically the amount of money you pay towards repairs before your insurance covers the rest. Most policies for car insurance require a deductible to be paid. You can lower your insurance cost by choosing a higher deductible, because the higher the deductibles the lower the premiums. Keep in mind that savings vary by company, so it is wise to compare quotes with different deductible levels before you decide.
Choose the right coverage
Most people get comprehensive coverage as it is the best insurance there is, but if you are insuring an old car, a comprehensive coverage wouldn't be the right financial choice. Check your options and see if you really want a comprehensive coverage or not.
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